PRODUCTION PERIOD FOR BEER, WINE, AND DISTILLED SPIRITS.

SEC. 13801. PRODUCTION PERIOD FOR BEER, WINE, AND DISTILLED SPIRITS.(a) In General.—Section 263A(f) is amended—(1) by redesignating paragraph (4) as paragraph (5), and131 STAT. 2170(2) by inserting after paragraph (3) the following new paragraph:“(4) Exemption for aging process of beer, wine, and distilled spirits.—“(A) In general.—For purposes of this subsection, the production period shall not include the aging period for—“(i) beer (as defined in section 5052(a)),“(ii) wine (as described in section 5041(a)), or“(iii) distilled spirits (as defined in section 5002(a)(8)), except such spirits that are unfit for use for beverage purposes.“(B) Termination.—This paragraph shall not apply to interest costs paid or accrued after December 31, 2019.”.(b) Conforming Amendment.—Paragraph (5)(B)(ii) of section 263A(f), as redesignated by this section, is amended by inserting “except as provided in paragraph (4),” before “ending on the date”.(c) Effective Date.—The amendments made by this section shall apply to interest costs paid or accrued in calendar years beginning after December 31, 2017.